TO: Peter Sleiman FROM: Larry Fermin RE: REE‚ Inc. Loans Facts You‚ Peter Sleiman‚ entered into a lease agreement with Blockbuster Video‚ Inc. Your lease stipulated that you purchase land‚ build a video rental store‚ and lease it to Blockbuster. You then set up an S Corporation‚ REE‚ Inc. and assigned the lease to REE. REE then obtained bank loans of approximately $1 million by pledging the property the S Corporation had purchased as collateral. Mr. Sleiman‚ you personally guaranteed
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IRC Sec. 62(a) provides the deductions from gross income that are allowed for computing “adjusted gross income.” IRC Sec. 62(a)(1) states that gross income includes fringe benefits such as frequent flyer miles accumulated from business travel. IRC Sec. 62(a)(2)(A) states that the reimbursed expenses of an employee related to his or her performance of services under a reimbursement or other expenses allowance arrangement with the employer are allowable deductions in addition to those allowed by
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Tax Research Memo http://www2.gsu.edu/~accerl/home.html Your Firm October 19‚ 2011 Relevant Facts Joe‚ CPA reimburses a client for a $75‚000 tax liability that is traceable to Joe’s ineffective tax advice. For fear of increasing his malpractice premiums‚ Joe decides not to file a claim with his insurance company. Specific Issues How much‚ if any‚ of the $75‚000 paid to the client can Joe deduct using either causality loss or business expense? Conclusions Joe may not deduct
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The swimmers while swim in the swimming pools are not facing identical and constant environment‚ where they could perform according to their merits. Theses swimmers are facing vague gravitational forces‚ which becomes advantageous to some and disadvantageous for others depending upon their swimming lane positions in the swimming pool while swimming. This study is based on scientific principles of gravitational physics for the benefit of swimmers world over‚ so that they could be given equal opportunity
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Research Paper in Swimming Submitted by: Berroya‚ Kristine M. BSBA-MM 2-2D Submitted to: Prof. Magat Swimming (sport) Swimming is an activity that burns lots of calories‚ is easy on the joints‚ supports your weight‚ builds muscular strength and endurance‚ improves cardiovascular fitness‚ cools you off and refreshes you in summer‚ and one that you can do safely into old age. In this article‚ I’ll review the history of swimming‚ the benefits‚ the strokes‚ how to get started‚ what to wear
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Tax Memo to the File May 8‚ 2013 From: Earnest J. Lumpkin III Subject: Minsu Deductions Facts: For the past two years‚ Minsu‚ a Korean American‚ has worked as a high school physical education teacher. He is also a body-builder and a part-time graduate student in educational technology at State University. In preparing for a master’s thesis he has decided to participate in Arnold’s World Body-building training program and analyzing advanced technology used to help students absorb physical education
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Pool By Corey Campbell 2009 The short story Pool‚ by Corey Campbell‚ is a tale which calls for reflection. The main themes in the short story are transition from adolescence to being an adult and identity. We see how some young people are afraid to grow up and do all the stereotypical things which we associate with being an adult. We see the trouble that young people encounter when they are trying to find their very own identity. At last the short story makes you philosophize over a metaphor
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1.1 Introduction Swimming is a sport or activity of propelling oneself through water using the limbs. Swimming is also defined as to move through water by means of the limbs. It is an action moving as though gliding through water. Swimming is a recreational activities enjoyed by all ages. Swimming is consistently ranked as one of the physical activities people are most likely to take part in. Besides that‚ people swim for health reason. Swimming is a cardiovascular exercise due
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Gibbons‚ Johnson & Tannun‚ LLP Memo To: Alex Lee From: Date: September 23‚ 2012 Subject: Alternative Minimum Tax Good to hear from you Alex. Estate and gift tax can be a burden so let me help you clear the air and give you a fresh take on what to do. First I’m going to want to explain to you the estate tax formula. Then I will discuss the interplay between gift and estate taxes. I have a few strategies for you to minimize estate taxes that I can let you in on and will help you on
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Nov. 12‚ 2012 HISTORY OF SWIMMING 1800-Competitive swimming was first introduced in the early 1800′s in Britain by the National Swimming Society. At that time‚ there were man-made indoor pools in London and the National Swimming Society of England used them for swimming competitions. These events became popular in England and led to the formation of the Amateur Swimming Association in 1880. 1873-The swimming strokes used in this time period were the side stroke and the breast stroke. In 1873 John
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